I was late by about 2-3 weeks on my MBNA. I was not 30 days late however not once on this account. Anyways, I got a letter from them saying that my new rate will be 18.99%. This account is for furniture which I financed at a fixed rate of 9.99%. So they are just jacking up the rate b/c I forgot mypayment last month. I did a payment on the phone however w/ them. I am transferrring the balance to my citibank which for 3.99%. I could just pay the balance off or include this balance in consolidation of my business loan. I think this sucks by MBNA. But that is the name of the game ....
As you should know...I put my MBNA QUANTUM in the sock drawer... I don't understand WHY they would REFUSE me a limit increase after 6+ years of none...(10+ year customer... Refuse a LONGER TERM BT (NOT JUST 2 OR 3 MONTHS)... ...at a rate under PRIME...
I would have thought that I would have "SET OFF A RED LIGHT AND SIREN @ MBNA" when I made all the payments to pay it off!!! ...BUT ALL MY FAXES, PHONE CALLS, AND PFB'S WENT UN-ANSWERED!!! I will use it for DEBT TO CREDIT LIMIT RATIO...
Sometimes, GEORGE, a loyal customer is like a trophy wife. Sooner or later the gloss wears off, and they'd rather use their come-ons on the new customer.
